Free-Standing Masonry Office
For Sale
Contact for pricing
229 Pasadena Pl, Orlando, FL 32803
Well-maintained masonry office building with 10 parking spaces and adjacency to Lake Highland Preparatory School.
Property Size1,704 SF
Price / SF$498.83
Days on Market452
Property Features for 229 Pasadena Pl
General Information
Standard status
Active
Size
1,704 SF
Total Parking Spaces
10
Property subtype
OFFICE
Building Details
Buildings
1
Building Size
1,704 SF
Construction
masonry
Parking Ratio
6 per 1,000 SF
Listing Agency:
JLL | Orlando
(407) 982-8735
Listed By:
John Worrell · License #SL3315469
Source:
Moodyscre
Added: May 9, 2025
Changed: Jul 30
Last Checked: Aug 2 at 3:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL | Orlando
Investment Insights
Based on property information with market context.
This 1,704 SF free-standing office is housed in a well-maintained masonry building at 229 Pasadena Pl in Orlando, FL 32803. The layout supports an owner occupant strategy, with the ability to occupy the entire building or only a portion of it.
The property includes parking at a rate of 6 parking spaces per 1,000 SF (10 total). It also benefits from its adjacency to Lake Highland Preparatory School, providing useful context for day-to-day operations and visibility to nearby activity.
Overall, the building is designed for straightforward owner-occupied use, whether you plan to take the full footprint or lease out unused space.
The property includes parking at a rate of 6 parking spaces per 1,000 SF (10 total). It also benefits from its adjacency to Lake Highland Preparatory School, providing useful context for day-to-day operations and visibility to nearby activity.
Overall, the building is designed for straightforward owner-occupied use, whether you plan to take the full footprint or lease out unused space.
Key Highlights
- 1,704 SF free‑standing office building
- Well‑maintained masonry construction
- Owner occupant can occupy entire or partial building
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.1k | $30.00 |
| − Vacancy | −$8.7k | −$5.10 |
| EGI | $42.4k | $24.90 |
| − OpEx | −$10.6k | −$6.23 |
| NOI | $31.8k | $18.67 |
1,704 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$454.6K
$397.8K – $530.4K
NOI $31,822 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$548.9K
$480.3K – $640.4K
NOI $38,424 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,248
Businesses Nearby
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained masonry office building with 10 parking spaces and adjacency to Lake Highland Preparatory School.
Where is this office building located?
The property is located at 229 Pasadena Pl Orlando, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1,704 SF free‑standing office building; Well‑maintained masonry construction; Owner occupant can occupy entire or partial building
